Greece Plans to Return to Markets in H2 2014, Deputy Fin Min Says

Greece Plans to Return to Markets in H2 2014, Deputy Fin Min Says

The government is already planning financial techniques that will help Greece return to markets in the second half of 2014, deputy finance minister Christos Staikouras, as quoted by the Athens News Agency-Macedonian Press Agency.
"For this purpose, the government is pushing forward financial techniques along with significant fiscal performance and favourable macroeconomic indications that will help Greece return to international capital markets in the second half of 2014," Staikouras said.
 “The 2014 budget embodies the national effort to consolidate its finances and it is part of a wider strategy of economic policy,” Staikouras said, noting that this strategy focused on: integrating the shadow part of the economy and its taxation; ensuring a strict implementation of rules and practices of fiscal management and discipline; creating a fair, efficient and modern state, which will respond to the demands of a modern society; improving the quality of public finances through boosting the efficiency of funds and gradually raising spending; enhancing the efficiency of social spending to reduce the high rate of the population that has entered the threshold of poverty; creating a modern state by improving the quality of institutions and drastically reducing bureaucracy; boosting investments, supporting exports and maintaining consumption at high levels; strengthening the long-term sustainability of Greek public debt, through exploiting development tools and the sustainability of budget surpluses, combined with the support of our partners in reducing the debt burden, and creating the necessary conditions to return to international capital markets.

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